Imstad
ActiveSummary
Imstad has been active since 1972 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.1m and a net result of -€106,254. Equity is shrinking by ~6.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550,000 at 30 days acceptable
Liquidity ample (current ratio 2.22 against 2.12 in 2024; short-term debt: 9.6% and cash: 1.7% of total assets), and 9.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
90.4%
Return on assets
-1.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
37 d early
2023
9 d early
2022
24 d early
2021
11 d early
2020
16 d early
2019
15 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 17 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€106,254▼ 23.7%
2024 · -€85,929
Working capital
€1.0m▲ 7.5%
2024 · €972,703
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€99,210▼ 22.9%€301,065▲ 203%-€15,657-€15,464▲ 1.2%-€24,947▼ 61.3%
Net result€218,840▲ 372%€45,076▼ 79.4%-€2.5m-€85,929▲ 96.5%-€106,254▼ 23.7%
Equity€11.4m▼ 8.3%€10.8m▼ 5.7%€8.3m▼ 22.9%€8.2m▼ 1.0%€8.1m▼ 1.3%
Total assets€12.4m▼ 8.7%€11.9m▼ 4.5%€9.1m▼ 23.5%€9.1m▼ 0.2%€9.0m▼ 1.3%
Debt€1.0m▼ 13.3%€1.1m▲ 9.4%€799,325▼ 29.1%€868,479▲ 8.7%€856,917▼ 1.3%
Working capital€1.3m▼ 19.9%€827,652▼ 34.0%€1.1m▲ 27.8%€972,703▼ 8.0%€1.0m▲ 7.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €24,947 in 2025 against €15,464 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.0m
Fixed assets
€7.1m ▼ 2.5%
Current assets
€1.9m ▲ 3.3%
Equity and liabilities €9.0m
Equity
€8.1m ▼ 1.3%
Debt
€856,917 ▼ 1.3%
Debt's share of the balance-sheet total stays at 9.6%.
Key figures and ratios
Current ratio
2.22▲
2024 · 2.12
Quick ratio
0.18▲
2024 · 0.11
Debt to equity
0.11=
2024 · 0.11
ROE
-1.3%▼
2024 · -1.0%
ROA
-1.2%▼
2024 · -0.9%
Debt ≤ 1 year
€856,917▼
2024 · €868,479
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €12,630 | €11,792 | €15,673 | €15,231 | €22,319 | ▲ 46.5% |
| Gross operating margin9900 | €111,840 | €312,857 | €16 | -€233 | -€2,629 | ▼ 1,028% |
| Operating profit (loss)9901 | €99,210 | €301,065 | -€15,657 | -€15,464 | -€24,947 | ▼ 61.3% |
| Financial income75/76B | €160,000 | €37,500 | - | - | €1,461 | - |
| Recurring financial income75 | €160,000 | €37,500 | - | - | €1,461 | - |
| Non-recurring financial income76B | - | - | - | - | €1,461 | - |
| Financial charges65/66B | €18,175 | €249,291 | €2.5m | €70,465 | €82,768 | ▲ 17.5% |
| Recurring financial charges65 | €18,175 | €21,060 | €23,403 | €8,560 | €7,775 | ▼ 9.2% |
| Non-recurring financial charges66B | - | €228,231 | €2.4m | €61,905 | €74,993 | ▲ 21.1% |
| Profit (loss) for the period before taxes9903 | €241,034 | €89,274 | -€2.5m | -€85,929 | -€106,254 | ▼ 23.7% |
| Income taxes67/77 | €22,194 | €44,198 | - | - | - | - |
| Profit (loss) for the period9904 | €218,840 | €45,076 | -€2.5m | -€85,929 | -€106,254 | ▼ 23.7% |
| Profit (loss) for the period to be appropriated9905 | €218,840 | €45,076 | -€2.5m | -€85,929 | -€106,254 | ▼ 23.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12.4m | €11.9m | €9.1m | €9.1m | €9.0m | ▼ 1.3% |
| Fixed assets21/28 | €10.2m | €9.9m | €7.2m | €7.2m | €7.1m | ▼ 2.5% |
| Financial fixed assets28 | €10.2m | €9.9m | €7.2m | €7.2m | €7.1m | ▼ 2.5% |
| Current assets29/58 | €2.3m | €2.0m | €1.9m | €1.8m | €1.9m | ▲ 3.3% |
| Stocks and contracts in progress3 | €2.0m | €1.8m | €1.8m | €1.7m | €1.7m | = |
| Stocks30/36 | €2.0m | €1.8m | €1.8m | €1.7m | €1.7m | = |
| Amounts receivable within one year40/41 | - | €8,461 | €7,033 | €8,225 | - | - |
| Trade receivables40 | - | €8,461 | €7,033 | €8,225 | - | - |
| Cash at bank and in hand54/58 | €258,214 | €111,875 | €51,937 | €85,245 | €154,686 | ▲ 81.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12.4m | €11.9m | €9.1m | €9.1m | €9.0m | ▼ 1.3% |
| Equity10/15 | €11.4m | €10.8m | €8.3m | €8.2m | €8.1m | ▼ 1.3% |
| Contributions10/11 | €4.7m | €4.7m | €4.7m | €4.7m | €4.7m | = |
| Capital10 | €4.7m | €4.7m | €4.7m | €4.7m | €4.7m | = |
| Issued capital100 | €4.7m | €4.7m | €4.7m | €4.7m | €4.7m | = |
| Reserves13 | €6.7m | €6.0m | €3.6m | €3.5m | €3.4m | ▼ 3.1% |
| Non-distributable reserves130/1 | €472,500 | €472,500 | €472,500 | €472,500 | €472,500 | = |
| Legal reserve130 | €472,500 | €472,500 | €472,500 | €472,500 | €472,500 | = |
| Distributable reserves133 | €6.2m | €5.6m | €3.1m | €3.0m | €2.9m | ▼ 3.5% |
| Amounts payable17/49 | €1.0m | €1.1m | €799,325 | €868,479 | €856,917 | ▼ 1.3% |
| Amounts payable within one year42/48 | €1.0m | €1.1m | €799,325 | €868,479 | €856,917 | ▼ 1.3% |
| Financial debts43 | €872,096 | €808,864 | €8,595 | - | - | - |
| Credit institutions430/8 | €872,096 | €808,864 | €8,595 | - | - | - |
| Trade debts44 | €36,878 | €11,517 | €19,079 | €16,027 | €6,964 | ▼ 56.5% |
| Suppliers440/4 | €36,878 | €11,517 | €19,079 | €16,027 | €6,964 | ▼ 56.5% |
| Taxes, remuneration and social security45 | €22,194 | €44,198 | €44,198 | - | - | - |
| Taxes450/3 | €22,194 | €44,198 | €44,198 | - | - | - |
| Other amounts payable47/48 | €100,000 | €262,500 | €727,453 | €852,453 | €849,953 | ▼ 0.3% |
| Accrued charges and deferred income492/3 | - | €864 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €218,840 | €45,076 | -€2.5m | -€85,929 | -€106,254 | ▼ 23.7% |
| Operating cash flow (approximation) | €218,840 | €45,076 | -€2.5m | -€85,929 | -€106,254 | ▼ 23.7% |
| Investment in fixed assets (approximation) | - | €228,231 | €2.7m | €905 | €179,032 | ▲ 19,692% |
| Change in cash | - | -€146,339 | -€59,938 | €33,308 | €69,440 | ▲ 108% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€2.5m
Net result drops to -€2.5m, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 1973
Ground area
1,721 m²
Building footprint
1,072 m²
Volume, LiDAR
11,543 m³
Parcel 34353H0587/00H000, Flanders · tallest building 15.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
IMSTAD
since 19732.008.200.304
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353H0587/00H000 | Flanders | 1,721 m² | 1 · 1,072 m² | 15.6 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- Finastad
- Imstad
Highest known parent: Finastad. The sources do not say who stands above it.
Owners 1
- Finastadparent60%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPublic limited company
Founded17-08-1972
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0412612066
Also
9925:BE0412612066
Registered
24-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.